In 2022, there were about 7.66 million micro-enterprises in South Korea, up from about 7.34 million in the previous year. That year, there were over eight million small and medium-sized enterprises in the country.
Number of micro-enterprises in South Korea from 2019 to 2022
(in 1,000s)
Micro enterprises are small enterprises that employ up to four or up to nine wage and salary workers, dependent on the industry. This applies to employees with a contract of more than three months.Â
Small enterprises are SMEs with three-year average sales of one billion South Korean won or less to 12 billion or less.
Small and medium-sized enterprises (SMEs) are for-profit businesses whose total assets do not exceed 500 billion South Korean won and which meet the criterion of independence (not a subsidiary of a large enterprise). Depending on the type of business, companies with average three-year sales of 40 billion South Korean won or less to 150 billion or less are defined as SMEs.
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Ministry of SMEs and Startups. (August 29, 2024). Number of micro-enterprises in South Korea from 2019 to 2022 (in 1,000s) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
Ministry of SMEs and Startups. "Number of micro-enterprises in South Korea from 2019 to 2022 (in 1,000s)." Chart. August 29, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
Ministry of SMEs and Startups. (2024). Number of micro-enterprises in South Korea from 2019 to 2022 (in 1,000s). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
Ministry of SMEs and Startups. "Number of Micro-enterprises in South Korea from 2019 to 2022 (in 1,000s)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
Ministry of SMEs and Startups, Number of micro-enterprises in South Korea from 2019 to 2022 (in 1,000s) Statista, https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/ (last visited December 30, 2024)
Number of micro-enterprises in South Korea from 2019 to 2022 (in 1,000s) [Graph], Ministry of SMEs and Startups, August 29, 2024. [Online]. Available: https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
